Sumitomo Mitsui Trust Group Inc. Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,471,441 shares of the oil and gas company’s stock after purchasing an additional 9,180 shares during the period. Exxon Mobil makes up 0.9% of Sumitomo Mitsui Trust Group Inc.’s investment portfolio, making the stock its 14th largest holding. Sumitomo Mitsui Trust Group Inc. owned approximately 0.27% of Exxon Mobil worth $1,227,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of XOM. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Exxon Mobil by 10.3% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,708 shares of the oil and gas company’s stock worth $669,000 after acquiring an additional 532 shares during the period. Apollon Financial LLC grew its stake in Exxon Mobil by 10.6% in the third quarter. Apollon Financial LLC now owns 10,061 shares of the oil and gas company’s stock worth $1,179,000 after purchasing an additional 967 shares during the period. WealthPlan Investment Management LLC raised its holdings in Exxon Mobil by 1.9% in the third quarter. WealthPlan Investment Management LLC now owns 15,888 shares of the oil and gas company’s stock worth $1,862,000 after purchasing an additional 301 shares in the last quarter. Harbour Investments Inc. lifted its position in Exxon Mobil by 1.7% during the third quarter. Harbour Investments Inc. now owns 56,513 shares of the oil and gas company’s stock valued at $6,624,000 after buying an additional 923 shares during the period. Finally, Keystone Financial Services boosted its holdings in shares of Exxon Mobil by 10.5% during the 3rd quarter. Keystone Financial Services now owns 5,808 shares of the oil and gas company’s stock valued at $681,000 after buying an additional 553 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM stock opened at $120.35 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a market cap of $528.95 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 5.05 and a beta of 0.90. The stock’s fifty day moving average price is $117.96 and its 200-day moving average price is $116.32.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period last year, the firm posted $2.27 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 47.32%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Monday, November 4th. Mizuho upped their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Sanford C. Bernstein lowered their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, Morgan Stanley cut their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.